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The future is here

May 20, 2020

WTO warns of global trade on the brink, Trump mulls Brazil travel ban as new cases rise

By Atlantic Council

CORONAVIRUS ALERT 5/20/2020 The Atlantic Council’s Coronavirus Alert is a regular summary of policy, economic, and business events around the emergency. To stay updated, sign up to the Coronavirus Alert here. In top stories today: The World Trade Organization (WTO) said the coronavirus outbreak is pushing world trade to the brink as supply chains face disruption. US […]

Coronavirus

The future is here

May 19, 2020

France, Germany back 500-billion-euro recovery plan; UK hits grim milestone on death toll

By Atlantic Council

France and Germany backed a 500-billion-euro recovery plan funded by extra borrowing in response to the coronavirus crisis. The UK reached a grim milestone of deaths from the virus, increasing pressure on Prime Minister Boris Johnson over his handling of the outbreak.

Coronavirus

The future is here

May 18, 2020

China calls for WHO probe, defends own performance; signs of recovery seen in Germany

By Atlantic Council

China called for an independent review of the World Health Organization’s (WHO) handling of the coronavirus outbreak while defending its own performance. Germany’s central bank sees signs of economic recovery as European nations continued a cautious and gradual reopening of daily life.

Coronavirus

The future is here

May 15, 2020

US retail sales fall at record rate in April, Germany in recession; Wuhan tests 3 million residents

By Atlantic Council

Spending by US consumers dropped more than experts had forecast. Germany, Europe’s largest economy, entered recession but performed better than its neighbors after keeping some industry open through the pandemic. Wuhan, the Chinese city that was at the center of the coronavirus outbreak, has tested three million of its eleven million residents so far, state media said.

Coronavirus

The future is here

May 14, 2020

US jobless claims in millions for eighth straight week, global leaders call for accessible vaccine

By Atlantic Council

US unemployment registered in the millions for an eighth week in a row as the economy reeled from the impact of coronavirus shutdowns. Patents were in the news as a roster of leaders past and present called for any vaccine to be widely produced and freely available.

Coronavirus

The future is here

May 13, 2020

China seals off cities to contain coronavirus outbreak, IMF says global economy deteriorates

By Atlantic Council

China sealed off three cities in a region close to North Korea following an outbreak of coronavirus. The International Monetary Fund said the global economy continues to deteriorate because of the pandemic, while the UK finance minister said the country’s in the midst of a deep recession.

Coronavirus

The future is here

May 12, 2020

WHO urges caution as lockdowns eased, millions of new tests in Wuhan

By Atlantic Council

The World Health Organization (WHO) urged vigilance against a second wave of coronavirus infections, while infectious diseases expert Dr. Anthony Fauci gave a stark warning of the impact of opening up the US economy too soon. The Chinese city of Wuhan plans to test millions of residents for the disease.

Coronavirus

Diversity, Equity, and Inclusion

May 11, 2020

New coronavirus cases highlight post-lockdown challenge, UK unveils uncertain plan

By Atlantic Council

New cases of coronavirus in South Korea, China, and Germany outlined the complicated road ahead as economies in Europe and elsewhere take cautious steps toward reopening their economies. A plan to set out a phased easing of the UK lockdown was met with confusion.

Coronavirus

The future is here

May 8, 2020

US jobless rate worst since Great Depression, UN head decries “tsunami of hate”

By Atlantic Council

The United States lost more than 20 million jobs in a single month, taking the jobless rate to the highest since the Great Depression. Celebrations to mark the end of World War II were canceled or at best muted, while the head of the United Nations (UN) flagged up “a tsunami of hate and xenophobia” fueled by the coronavirus outbreak.

Coronavirus

The future is here

May 7, 2020

Pace of US job cuts eases, Moderna gets go-ahead for coronavirus vaccine trial

By Atlantic Council

US unemployment claims came in at the lowest level since coronavirus was declared a pandemic. Moderna got approval for the next phase in a vaccine trial. Russia overtook France and Germany as cases increased, while the United Nations appealed for billions more to help vulnerable nations cope with the disease and its impact.

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